Hyzon Motors Inc. [NASDAQ: HYZN] loss -5.83% or -0.48 points to close at $7.75 with a heavy trading volume of 4198969 shares. The company report on November 23, 2021 that The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Hyzon Motors Inc. f/k/a Decarbonization Plus Acquisition Corporation (HYZN).
The Law Offices of Frank R. Cruz reminds investors of the upcoming November 29, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Hyzon Motors Inc. f/k/a Decarbonization Plus Acquisition Corporation (“Hyzon” or the “Company”) (NASDAQ: HYZN), securities between February 9, 2021 and September 27, 2021, inclusive (the “Class Period”).
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It opened the trading session at $8.25, the shares rose to $8.44 and dropped to $7.50, the range by which the price of stock traded the whole day. The daily chart for HYZN points out that the company has recorded -22.58% loss over the past six months. However, it is still -52.26% lower than its most recent low trading price.
If we look at the average trading volume of 3.25M shares, HYZN reached to a volume of 4198969 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Hyzon Motors Inc. [HYZN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HYZN shares is $14.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HYZN stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Hyzon Motors Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 20, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price to Overweight. The new note on the price target was released on September 09, 2021, representing the official price target for Hyzon Motors Inc. stock. Previously, the target price had yet another raise to $10, while Wedbush analysts kept a Outperform rating on HYZN stock.
The Average True Range (ATR) for Hyzon Motors Inc. is set at 0.67, with the Price to Sales ratio for HYZN stock in the period of the last 12 months amounting to 1764.60. The Price to Book ratio for the last quarter was 4.51, with the Price to Cash per share for the same quarter was set at 2.19.
Trading performance analysis for HYZN stock
Hyzon Motors Inc. [HYZN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.38. With this latest performance, HYZN shares gained by 39.64% in over the last four-week period, additionally sinking by -22.58% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HYZN stock in for the last two-week period is set at 58.69, with the RSI for the last a single of trading hit 60.65, and the three-weeks RSI is set at 55.71 for Hyzon Motors Inc. [HYZN]. The present Moving Average for the last 50 days of trading for this stock 6.92, while it was recorded at 7.95 for the last single week of trading, and 9.35 for the last 200 days.
Hyzon Motors Inc. [HYZN]: A deeper dive into fundamental analysis
Return on Total Capital for HYZN is now -6.07, given the latest momentum, and Return on Invested Capital for the company is -23.99. Return on Equity for this stock declined to -23.99, with Return on Assets sitting at -19.04.
Hyzon Motors Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 15.90 and a Current Ratio set at 16.30.
An analysis of insider ownership at Hyzon Motors Inc. [HYZN]
There are presently around $233 million, or 12.20% of HYZN stock, in the hands of institutional investors. The top three institutional holders of HYZN stocks are: PUBLIC INVESTMENT FUND with ownership of 8,033,477, which is approximately New of the company’s market cap and around 0.80% of the total institutional ownership; FMR LLC, holding 2,679,500 shares of the stock with an approximate value of $20.77 million in HYZN stocks shares; and BALYASNY ASSET MANAGEMENT LLC, currently with $20.07 million in HYZN stock with ownership of nearly New of the company’s market capitalization.
Positions in Hyzon Motors Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 63 institutional holders increased their position in Hyzon Motors Inc. [NASDAQ:HYZN] by around 26,750,345 shares. Additionally, 29 investors decreased positions by around 5,772,671 shares, while 2 investors held positions by with 2,471,442 shares. The mentioned changes placed institutional holdings at 30,051,574 shares, according to the latest SEC report filing. HYZN stock had 45 new institutional investments in for a total of 21,236,362 shares, while 15 institutional investors sold positions of 3,261,004 shares during the same period.